LXP Industrial Trust (NYSE:LXP) PT Raised to $11.00 at Evercore ISI

LXP Industrial Trust (NYSE:LXP) had its target price hoisted by equities research analysts at Evercore ISI from $10.00 to $11.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s price objective points to a potential upside of 8.27% from the company’s previous close.

Several other brokerages have also recently issued reports on LXP. Jefferies Financial Group lifted their target price on LXP Industrial Trust from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, June 7th. BNP Paribas began coverage on LXP Industrial Trust in a research report on Tuesday, June 4th. They set an “outperform” rating and a $11.00 price objective on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.25.

LXP Industrial Trust Price Performance

NYSE LXP opened at $10.16 on Monday. The company has a market capitalization of $2.99 billion, a PE ratio of 254.00 and a beta of 0.87. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.11 and a current ratio of 0.11. The business’s fifty day moving average is $10.04 and its 200 day moving average is $9.26. LXP Industrial Trust has a fifty-two week low of $7.75 and a fifty-two week high of $10.56.

Hedge Funds Weigh In On LXP Industrial Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Algert Global LLC acquired a new stake in LXP Industrial Trust during the 2nd quarter worth about $270,000. Lighthouse Investment Partners LLC raised its position in shares of LXP Industrial Trust by 59.6% during the 2nd quarter. Lighthouse Investment Partners LLC now owns 1,205,000 shares of the real estate investment trust’s stock valued at $10,990,000 after buying an additional 450,000 shares during the period. Millennium Management LLC raised its position in shares of LXP Industrial Trust by 173.9% during the 2nd quarter. Millennium Management LLC now owns 1,861,986 shares of the real estate investment trust’s stock valued at $16,981,000 after buying an additional 1,182,258 shares during the period. AQR Capital Management LLC raised its position in shares of LXP Industrial Trust by 81.2% during the 2nd quarter. AQR Capital Management LLC now owns 46,156 shares of the real estate investment trust’s stock valued at $421,000 after buying an additional 20,681 shares during the period. Finally, Caxton Associates LP raised its position in LXP Industrial Trust by 240.5% in the second quarter. Caxton Associates LP now owns 38,437 shares of the real estate investment trust’s stock valued at $351,000 after purchasing an additional 27,147 shares during the period. Hedge funds and other institutional investors own 93.52% of the company’s stock.

About LXP Industrial Trust

LXP Industrial Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) focused on single-tenant industrial real estate investments across the United States. LXP seeks to expand its industrial portfolio through acquisitions, build-to-suit transactions, sale-leaseback transactions, development projects and other transactions.